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By Robert D (anonymous) | Posted February 07, 2012 at 16:33:47 in reply to Comment 73848
The worst part is I'm fairly certain there are rules legally prohibiting the Board from selling the property for less than market value, making it impossible for the school board to "give it back to the city".
I wonder if an alternative could have been thought up at the time of the land grand (i.e. a non-transferable lease of $1 a year, renewable at the school board's option for up to 100 years. That way the land would eventually revert to the city (or a new agreement could be put in place before the 100 years was up). 100 years would have been more than enough time for the board to enjoy their return on any investment in a building on the site.
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